PINS trade ideas
Pinterest: Buy at PullbackPinterest had a sharp drop from 36 and stop at 27 where a good demand zone locates.
Meanwhile it began to rally from this zone, which manifests this zone is true and effective.
So if the price enters this zone again, then we can still buy.
Entry: 27.1-28.0
SL: Below 27.0
TP1: 31
TP2: 33 and further more
PINS Gap Fill ReversalPINS has just recently closed the gap in its daily chart and now is trending towards a gap fill reversal where once the gap in a chart is closed, price action starts to trend back to its original direction with a target price at where the original gap started. In this case it would be the 31.5-32.25 level.
Pinterest long positionHello everyone !
This is my first recommendation/analysis. Any constructive critique is welcomed. Sorry for my potential English mistakes.
PINS stock was affected by a correction after it's impressive Q2 2019 earnings report and it's stock jumped (+21% at peak).
The correction is characterized here by this orange down Trendline.
The stock entered in what we call a "trading range" (green rectangle). The probability for it to make a downtrend breakthrough is very low
considering PINS last earnings report, market confidence and increased monetization possibilities (strong ad marketing perspectives) in the future for PINS.
PS : the stock clearly broke the "trading range" rectangle (upwards) while i was writing these lines, which comforts the probability to gain some $ more.
Price target is high on the middle-long term.
Keep the looong :)
PINTEREST INC looks appealing into earnings. Although the price history is quite limited, what we have to analyse, shows some bullish sentiment has returned to the stock. It has not had the parabolic moves of some other recent IPO's but that is to its advantage, it gives the impression of stability and safety. Indicators and volume have given us a bullish view into earnings tonight.
AVERAGE ANALYSTS PRICE TARGET $28.50
AVERAGE ANALYSTS RECOMMENDATION HOLD
COMPANY PROFILE
Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.
$PINS breakout and short term target.It is a sad story. I was stalking $PINS for few weeks now. Last two days forgot to check and missed this breakout. I had an alarm on the trend line and I missed the signal, it triggered. However, I am planning to trade this stock and holding some long term, it will do great. I think it is safe area to buy and I am looking to open a position, or will look for another technical buy point. Good luck to you all!